Crackle Plus Expands Distribution Rollout Once Again
27 6월 2022 - 10:15PM
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE), one
of the largest operators of advertising-supported video-on-demand
(AVOD) streaming services today reported that it has increased
distribution of its Crackle Plus AVOD streaming services to 85
touchpoints, ahead of internal plans. As a result, the company is
now expanding its planned distribution to 110 touchpoints, with a
goal of reaching 90 in calendar 2022.
The Crackle Plus streaming services, including
Crackle, Popcornflix and the recently launched Chicken Soup for the
Soul, are available on a variety of platforms and services as both
linear and video-on-demand offerings. Crackle Plus streaming
services are always free and offer a wide selection of hit movies
and TV series, as well as original and exclusive programming. The
recent growth in touchpoints has been partially driven by the
company’s acquisition of 1091 Pictures and their streaming channels
SurfNow TV, BlackPix, Unidentified and EchoBoom. The Crackle Plus
distribution expansion is a key part of the company’s broader
strategy to drive more viewers to its streaming services.
“Our goal is to make our free entertainment
content available to everyone on every possible platform, whether
it’s streaming devices, game consoles, connected TVs or our growing
stable of linear FAST channels,” said Philippe Guelton, president
of Crackle Plus. “As we continue to grow the number of distribution
touchpoints, our goal is to make it that much easier for consumers
to find the content they’re looking for in the most seamless way
possible. In doing so, we’re capturing an expanding audience of
unique consumers for our advertising partners across our growing
portfolio of streaming services. Since our expansion in March, we
have added agreements or launched new apps or FAST services with
Fubo, Local Now, Samsung, and VIZIO and have also recently signed
agreements with TCL, Roku, and Olympusat.”
Crackle Plus’ recent releases include the
exclusive scripted series Les Norton, which stars Alexander Bertram
and Rebel Wilson, Tia Mowery’s Comfort Kitchen, the suspense
thriller Blast, Inside the Black Box, hosted by Joe Morton, the
thriller series In the Vault and the award-winning BBC series
Sherlock, starring Benedict Cumberbatch and Martin Freeman.
ABOUT CHICKEN SOUP FOR THE SOUL
ENTERTAINMENTChicken Soup for the Soul Entertainment, Inc.
(Nasdaq: CSSE) (the “Company”) operates video-on-demand (VOD)
streaming services. The Company owns Crackle Plus, which owns and
operates a variety of ad- supported VOD streaming services
including Crackle, Chicken Soup for the Soul, Popcornflix,
Popcornflix Kids, Truli, Pivotshare, Españolflix and
FrightPix. The Company also acquires and distributes video content
through its Screen Media and 1091 Pictures subsidiaries and
produces original video content through the Chicken Soup for the
Soul Television Group. Chicken Soup for the Soul Entertainment is a
subsidiary of Chicken Soup for the Soul, LLC, which publishes the
famous book series and produces super-premium pet food under the
Chicken Soup for the Soul brand name.
FORWARD-LOOKING STATEMENTSThis
press release includes forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
are statements that are not historical facts. These statements are
based on various assumptions, whether or not identified in this
press release, and on the current expectations of management and
are not predictions of actual performance. Such assumptions involve
a number of known and unknown risks and uncertainties, including
but not limited to our core strategy, operating income and margin,
seasonality, liquidity, including cash flows from operations,
available funds, and access to financing sources, free cash flows,
revenues, net income, profitability, stock price volatility, future
regulatory changes, price changes, the ability of the Company’s
content offerings to achieve market acceptance, the Company’s
success in retaining or recruiting officers, key employees, or
directors, the ability to protect intellectual property, the
ability to complete strategic acquisitions, the ability to manage
growth and integrate acquired operations, the ability to pay
dividends, regulatory or operational risks, and general market
conditions impacting demand for the Company’s services. For a more
complete description of these and other risks and uncertainties,
please refer the Company’s Annual Report on Form 10-K for the year
ended December 31, 2021, filed with the SEC on March 31, 2022, and
the Company’s Quarterly Report on Form 10-Q for the quarter ended
March 31, 2022, filed with the SEC on May 11, 2022. On May 10,
2022, the Company entered into a merger agreement to acquire Redbox
Entertainment, Inc. We refer you to the presentation filed as
Exhibit 99.2 under cover of a Current Report on Form 8-K filed by
the Company with the SEC on May 22, 2022 for information regarding
the proposed business acquisition transaction. If the proposed
business acquisition is consummated, in addition to the risks noted
above, we also face the risks detailed in Redbox’s Annual Report on
Form 10-K for the year ended December 31, 2021. If any of
these risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. These forward-looking statements speak
only as of the date hereof and the Company expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
INVESTOR RELATIONS Taylor
KrafchikEllipsiscsse@ellipsisir.com(646) 776-0886
MEDIA CONTACTKate BarretteRooneyPartners
LLCkbarrette@rooneypartners.com(212) 223-0561
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